BLK
BlackRock, Inc.
BLK's fundamentals are mixed, but it looks expensive: trading at 28x earnings, above its usual 22x.
TWLV
Twelve Seas Investment Company II
There isn't enough reported data to score TWLV yet.
BLK Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
BLK's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like BLK.
TWLV Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Healthy | |
| N/A | |
| N/A |
TWLV's profitability is currently healthy. There isn't enough data to rate its revenue. Free cash flow and net leverage aren't meaningful measures for financial services companies like TWLV.
BLK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 19x | $848 | -30% |
| Fair | 22x | $973 | -20% |
| Expensive | 26x | $1,149 | -5.5% |
| Current | 28x | $1,217 | — |
Historical ranges are pointers, not guarantees.
BLK has the edge over TWLV in the historical PE scenario, which offers more potential upside but is not a forecast.
TWLV PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 35x | $4.23 | -58% |
| Current | 81x | $10.10 | — |
| Fair | 87x | $10.47 | +3.6% |
| Expensive | 157x | $18.82 | +86% |
Historical ranges are pointers, not guarantees.
TWLV's PE is 81x, but its earnings don't support one, so it isn't a reliable read right now.
BLK Forward outlook
There aren't enough analyst estimates for BLK to show an outlook.
TWLV Forward outlook
There aren't enough analyst estimates for TWLV to show an outlook.
BLK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $43.87 | +11% |
| Q2 2026 | $41.73 | -0.4% |
| Q1 2026 | $39.73 | -4.7% |
| Q4 2025 | $35.31 | -17% |
| Q3 2025 | $39.42 | -2.7% |
| Q2 2025 | $41.89 | +4% |
| Q1 2025 | $41.69 | +5.9% |
| Q4 2024 | $42.53 | +16% |
BLK has the stronger earnings trend. Trailing diluted EPS is up 11% for BLK versus TWLV flat.
TWLV Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2023 | $0.10 | -66% |
| Q2 2023 | $0.12 | -61% |
| Q1 2023 | $0.18 | -18% |
| Q4 2022 | $0.26 | +189% |
TWLV's earnings per share have fallen from their peak: $0.12 over the past year, against $0.31 in mid-2022.
BLK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $7.8B | +19% |
| Q2 2026 | $7.1B | +31% |
| Q1 2026 | $6.7B | +27% |
| Q4 2025 | $7B | +23% |
| Q3 2025 | $6.5B | +25% |
| Q2 2025 | $5.4B | +13% |
| Q1 2025 | $5.3B | +12% |
| Q4 2024 | $5.7B | +23% |
BLK has the edge over TWLV on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 30% | 0 points |
| Q2 2026 | 35% | +2.8 points |
| Q1 2026 | 42% | +9.8 points |
| Q4 2025 | 24% | -13 points |
| Q3 2025 | 30% | -8.6 points |
| Q2 2025 | 32% | -5.5 points |
| Q1 2025 | 32% | -3.6 points |
| Q4 2024 | 37% | +2.3 points |
BLK's operating margin was 30% last quarter, about level with the same quarter a year ago, near the bottom of its range since 2019.
TWLV Quarterly Revenue
TWLV's revenue is shrinking: $0 last quarter.
BLK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $2.6B | +95% |
| Q2 2026 | $1.1B | -12% |
| Q1 2026 | -$1.1B | +$120M |
| Q4 2025 | $2.1B | -15% |
| Q2 2025 | $1.3B | -6.1% |
| Q1 2025 | -$1.2B | -$734M |
| Q4 2024 | $2.5B | +35% |
| Q2 2024 | $1.4B | +47% |
TWLV has the stronger cash trend. Its trailing FCF is up 49% versus its history, compared with BLK at up 20%.
TWLV Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$73K | -$49.6K |
| Q3 2023 | -$114.2K | +$16K |
| Q2 2023 | -$446K | -$242.1K |
| Q1 2023 | -$536.9K | -$243.6K |
| Q4 2022 | -$375.7K | -$104.7K |
| Q3 2022 | -$130.2K | +$32K |
| Q2 2022 | -$204K | -$72.8K |
| Q1 2022 | -$293.3K | -$75.7K |
TWLV's free cash flow was −$522,922 over the past year, against −$1M the year before. Free cash flow isn't a meaningful measure for financial services companies like TWLV.
BLK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -148K shares |
| 1 year | -0.4% | -677K shares |
| 3 years | +9.3% | +14M shares |
| 5 years | +6.2% | +9.6M shares |
| Available history | +4.4% | +7M shares |
BLK has the edge over TWLV on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2025 | $396M |
| Q1 2025 | $657M |
| Q4 2024 | $386M |
| Q2 2024 | $519M |
| Q1 2024 | $634M |
| Q4 2023 | $384M |
| Q3 2023 | $396M |
| Q2 2023 | $383M |
TWLV Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | 0% | -- |
| 3 years | -47% | -20.9M shares |
TWLV has 23M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q2 2025 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | $318.4M |
| Q4 2022 | — |
BLK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.0x | Net Cash |
| Q2 2026 | 0.2x | Very low |
| Q1 2026 | 0.3x | Very low |
| Q4 2025 | 0.2x | Very low |
| Q3 2025 | 0.3x | Very low |
| Q2 2024 | 0.2x | Very low |
| Q1 2024 | 0.3x | Very low |
| Q4 2023 | 0.1x | Very low |
BLK has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like BLK.
TWLV Net Leverage
BLK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 64.5 | Neutral |
| Stochastic | 79.0 | Neutral |
BLK's weekly RSI is 64 (neutral) and its Stochastic is 79 (neutral).
TWLV Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.1 | Neutral |
| Stochastic | 71.0 | Neutral |
TWLV's weekly RSI is 55 (neutral) and its Stochastic is 71 (neutral).
BLK PE vs Financial Services Sector
| Metric | BLK | Sector median | Relative |
|---|---|---|---|
| PE | 28x | 13x | 113% above |
| PE % | 97 | 63 | 34 pts above |
BLK has the edge over TWLV on valuation relative to its sector.
TWLV PE vs Financial Services Sector
| Metric | TWLV | Sector median | Relative |
|---|---|---|---|
| PE | 81x | 13x | 521% above |
| PE % | 47 | 79 | 32 pts below |
TWLV is trading at 81x earnings, a 521% premium to the Financial Services sector's median of 13x, though its earnings don't support one.
BLK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1,128.0 | 7.9% above |
| 20 week MA | $1,108.9 | 9.7% above |
| 50 week MA | $1,071.6 | 14% above |
| 100 week MA | $1,051.1 | 16% above |
| 200 week MA | $914.1 | 33% above |
BLK has the edge over TWLV on trend strength, trading above more of its moving averages.
TWLV Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.1 | 0.2% above |
| 20 week MA | $10.1 | 0.5% above |
| 50 week MA | $10.1 | 0.3% above |
| 100 week MA | $10.3 | 2.2% below |
| 200 week MA | $10.1 | 0% above |
TWLV has bounced recently, but its long-term trend is still down: it's above its 8-, 20- and 50-week averages, but 0% above its 200-week average.
BLK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $503.0 | $707.2 | +41% |
| 2021 | $707.2 | $913.9 | +29% |
| 2022 | $913.9 | $703.9 | -23% |
| 2023 | $703.9 | $811.8 | +15% |
| 2024 | $811.8 | $1,044.2 | +29% |
| 2025 | $1,044.2 | $1,088.1 | +4.2% |
| 2026 YTD | $1,088.1 | $1,216.6 | +12% |
BLK has the edge over TWLV on returns for 2026, with the stronger performance.
TWLV Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $9.90 | $9.70 | -2% |
| 2022 | $9.70 | $9.99 | +3% |
| 2023 | $9.99 | $10.6 | +5.7% |
| 2024 | $10.6 | $10.6 | 0% |
| 2026 YTD | $10.6 | $10.1 | -4.4% |
TWLV has finished lower in two of the last four years. It's down 4.4% so far in 2026.